| © 2019 Royalty Capital Management, LLC. |
| The Fund is managed by Royal Capital Management, LLC. The principal officer is Arthur L. Fox, Chairman. Arthur L. Fox Mr. Fox is a nationally recognized authority on royalty based venture finance. He co-founded Royalty Capital Fund in 1992 and Royalty Capital Fund LP I in 1995, the first successful venture capital funds to employ a unique, royalty based investment methodology conceived by Mr. Fox. His methodology has been developed and refined over a period of twenty-seven years, and is the methodology employed by Royalty Capital New England. Mr. Fox has been a principal and co-founder of three technology companies, Octek Inc., Lexidata Corp. and Medicel Inc. Octek’s and Lexidata's investors received a substantial return on their investment when Octek was acquired by a Fortune 500 company and Lexidata conducted a successful IPO. He has been a mentor and close business advisor to many new and emerging companies. Mr. Fox has a strong technology background. Earlier in his career, Mr. Fox held design engineering positions with the Hewlett Packard Company and the Westinghouse Corporation. He holds an MSEE degree from the Massachusetts Institute of Technology and a BSEE degree from the University of Maryland. |